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FOX Business
Dec 9, 2012 9:00am EST
and rethink our infrastruure. >> hurricane sandy victims are still in the cold. are lawmakerssing the super storm to push the green agenda storm to push the green agenda and push you to pay more. can i help you? i heard you guys can ship ground for less than the ups store. that's right. ie learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you know how painful heartburn can be. for fast, long laing relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. at legalzoom, we've created a betteplace to hane your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "
FOX Business
Dec 2, 2012 1:30am EST
. >> talk about hope. the united nations using the tragedy of superstorm sandy, tragedy of superstorm sandy, trying to get c c c c c [beep] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, musiclaying louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out w it can help frontline health workers bring hope to llions of children at everybeatmatters.org. ♪ remember when ♪ ♪ 30 seemed so old ♪ now looking back ♪ ♪ it's just a stepping stone ♪ to where we are ♪ where we've been ♪ said we'd do it all again ♪ remember when >> welcome back, playing the sandy card for the green agenda? it's true, the united nations pow wowing this week and using super storm sandy the reason why. and countries could pay up to 100 billion dollar to finance a green climate funds and help the poor nations fight global warming and one of the u.s. top scientists saying the is he vseverity of the storm is no coincidence. >> t
FOX Business
Dec 8, 2012 6:00am EST
the ground. he has now more reasons to be furiou al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global warming. we cannot have four more years of menentioning this occasional, and saying it's too bad that the and saying it's too bad that the congress can't act. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh.sorry about that. [ male announcer ] break from the holiday stress. fedex office. i tell them dentur are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter ever
FOX Business
Dec 8, 2012 3:00am EST
the ground. he has now more reasons to be furious. al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global warming. we cannot have four more years of mentioning this occasionally, and saying it's too bad that the and saying it's too bad that the congss c't act. woman: my first symptoms were... man: constant tingling in my toes. woman: my leg sometimes will go numb. woman: i had double vision. woman: they said, "you have multiple sclerosis." woman: well, the beginning is the hardest time. man: i kind of had to get a grasp on reality. man: i had to adapt and change very rapidly. woman: i had to learn how to drive with my hands -- yeah, that was interesting. woman: i was a dancer. i don't see walking the way i walk any diffent than doing a dance. it just looks different -- it's a different dance. woman: you see me ha an off day. it doesn't take away from who i am. man: a symptom may cause you not to be able to do that anymore, and at one point, i was able to do an
FOX Business
Dec 7, 2012 11:00pm EST
got on the ground. he has now more reasons to be furious. al gore using sandy to go to war over climate change. here's an inconvennt truth for the president. now, al gore is taking on him as well. >> this sto was related to global warming. we cannot have four more years of mentioning is occasionally, and saying it's too bad that the ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfecvehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actuly use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! >> fema is doing nothing still, just going around in
FOX Business
Dec 2, 2012 8:30am EST
welcome. >> talk about hope. the united nations using the tragedy of superstorm sandy, [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. >> welcome back, plang the sandy card for the green agenda? it's true, the united nations pow wowing this week and using super storm sandy the reason why. and countries could pay up to 100 billion dollar to finance a green climate funds and help the poor nations fight global warming and one of the u.s. top scientists saying the is he vseverity of the storm is no coincidence. >> that's nonsense, i want a clean earth as much as anyone else. they can skim down the single hurricane on one facto or burning coal is nonsense. we had a bad hurricane in new england in the 30's and they didn't blame that on burning coal. we're burning a lot more coal relativeo the economy than we are now. there are control freaks out there.
FOX Business
Dec 9, 2012 2:00am EST
impact of climate change. we need to rebuild and rethink our infrastcture. >> hurricane sandy victims are still in the cold. are lawmakers using the super storm to push the green agenda and push you to pay more. >> climate change is a city wide challenge and not just a coastal challenge. we have to reexamine all of our major infrastructure in leist sandy and how to modernize it in order to protect it >> new york city mike bloomburg not mincing words linking sandep to global warming. rich, you are concerned that they will use it to spend money. >> ralm emmanuel had a famous phrase working with president obama. never let a crisis go to waste. how doou turn it in to a political advantage. anybody can go on google and ask the question of how much has the planet warmed up. 1.3 degrees faren heit and nothing since 1998 . so to blame sandy on global warming is a real stretch . >> also unseemly about talking about spending money and sandy victims are the cold now. >> goyce, all the mayor is saying. there is not a government conspiracy behind everything people do. he said we will have to rebui
FOX Business
Dec 5, 2012 11:00pm EST
the run and we are trying to track him down. the most vocal of sandy's victims is blasting back. find out why coming up next. >> we are the people that are ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. now we need a little t more... [ male announcer at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating ang national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the qual
FOX Business
Dec 3, 2012 11:00am EST
, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing production by 11%, and gm holding off on sales forecasts because they are worried about the cliff. look at the numbers. as lori said, gm up 3%, ford up 6%, chrysler up, 30th consecutive month of increases for chrysler, toyota up 17%. gm did well with small cars, we're getting to the point in the country where cars are # getting so old, 11 years is the average age of a vehicle right now, and that is driving it as well. on the sandy front, as we look at the stock numbers, the folks at ford say we are 30,000 additional sales industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they d
FOX Business
Dec 2, 2012 8:00am EST
: thank you for the debate. and sandy victims facing devastation one month later, so is this any time for the united nations to be using them as a fund raising tool? the cavuto gang is all over that one at the bottom of the hour. hour. up here first, forget fees in this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, theirrother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list agn? ho ho ho! let me guess, am on the naughty list agn? music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat.
FOX Business
Dec 3, 2012 3:00pm EST
number, it is one of the huge numbers that will not be directly impacted by hurricane sandy. lori: that is a great point you raised, then. what are your thoughts on the economic data? >> i cannot agree more. the i sm number is what scared this market. china, japan, the united kingdom were not enough to hold us in place. a positive story out of greece. they gave us a little bit of an early move to the upside. that was all washed away. on the employment data and the adp number we got the first shot at. the expectation for job growth is really one of the smallest numbers we expected to see all year. it should not be too difficult to hurdle to get over. lori: is it fair to say that concerns have been factored into the price market? >> the whole idea that the result has been priced in. the result has not come to pass by the 31st. the market could be in a very precarious position. lori: okay, alan, oil at a two week high. what is the driver there? >> what i am looking at right now is kind of a tug-of-war going on. the fiscal cliff could send crude oil off. we have tensions in the middle east.
FOX Business
Dec 7, 2012 3:00pm EST
above expectations. 146,000 jobs added in the month of november. sandy did not have that much of an impact on the numbers. unemployment fell to the lowest level in nearly three years to 7.7%. more people stopped looking for work, all together. consumer sentiment, not as strong heading into the holidays. preliminary index actually fell in december. economists had to look for a slight increase. investors continue to get out of apple. the tech giant having its worst week since they of 2010. apple is in they are barking territory. shortly after the iphone5 came out, part of it in the near profit. let's get to the floor show. bobby, i want to start with this jobs number today. the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i m
FOX Business
Dec 6, 2012 4:00pm EST
straight week as we remind you, thises the number you want to see fall. hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting their money in stocks. we have all this covered. we have til mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah,
FOX Business
Dec 5, 2012 1:00pm EST
. melissa: paying the price for hurricane sandy, fema asking for more money to foot the bill. how does the federal government plan to pay for this? lori: the social networking site moving up in the world. how investors could benefit the head. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attentio which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male annouer ] humana thanks the physicians, nurses, hospitalspharmacists and other health professionals who helped achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... whicmeans better health outcomes... and more quality time to share with the ones who matter most. i love
FOX Business
Dec 10, 2012 9:20am EST
, al gore says you want proof of climate change? look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million dollars short of the revenue it expected to bring in, because when you raise taxes, some people leave. check the big board. same old same old same old. the dow is flat, up just 23 points in the early going this monday morning. here is our company: sandra smith is with us. the conservative commentator is with us. and nicole petallides is there on the floor of the new york stock exchange. here we go, new at 10:00, the latest climate change rant from former vice president al gore. he blames pollution for causing climate change, which he says leads
FOX Business
Dec 3, 2012 9:00pm EST
: been morehan a month since hurricane sandy ravaged the east coast. new york governor andrew cuomo seeking federal aidfor the victims of superstar and sandy, new york and new jersey requting $79 billion from the federal government in order to rebuild. but there are still many foks picking up the pieces, trying to rebuild there lives and businesses. my next guest who lost her entire store in the storm. she says the government has done nothing to help work and finds herself in a circle of red tape. if you for coming in the show. appreciated. >> thanks you for having me in letting me tell not only my story, but the story ofmany small businesses better in the same predicament as i am. gerri: you had a store that had been around since 2004. >> i have been in my store for about nine years. my heart and soul. fresh and homemade. a pillar of the community. gerri: very involved. >> very involved. we donate bagels a project hospitality. our bagels aren the hospital. involved in many of the school activities in different organizations. gerri: tell me how they figure store. >> in left me with
FOX Business
Dec 8, 2012 11:00pm EST
what you're intested in. gerri: you say don't forget nonsandy charities. are all the sandy charities getting all the money this year? >> unfortunately when disasters happen there is flood of money because of a good heart of america and it is appropriate that way, but when it happens right have to make choices where your charitable dollars to go there is tension and some charities that lose out that really need help. of course it is no easy choice for a donor. we recommend if at all possib that you don't forget those charities at are there for you all year-round. gerri: up 7.5% for the big charities. that is an amazing number. ken, thanks for coming on. it is charitynavigate tore.org, correct? >> correct. gerri: great website. president obama and his family getting into the christmas spirit at the 90th tree-lighting ceremony at the whites house. it was transplanted to the white house days before the hurricane. look at that. it is cool. it made it through unharmed. obama was saying santa claus is coming to town. this is the treeutside. guess what? there are 54 more of them inside the h
FOX Business
Dec 2, 2012 11:00pm EST
hundred dollar bills to hurricane sandy survivors. this generosity is matched only by his humility. he insists on remaining anonymous and not being photographed all. here is a clue. he and his security entourage have been spotted with red caps watch with the word. [indiscernible] we all love hundred dollar bills, but not everyone feels the same way about the dollar bill. a new report arguing we should get rid of the dollabill and replace it with a heavier, but longer lasting dollar coin. why? they say because doing so would save us about $146 million per year. if we want to wage a war on currency, maybe they should think about getting rid of th penny. by some estimates it would save the $60 million per year. it costs to and a half cents to make every penny. now, that is a government at work. two and half cents for every penny. president obama planning to meet with governors next week as par of his effort to talk with people about avoiding the fiscal cliff. members of the national governors' association executive committee meeting at the white house next tuesd, icluding chairman tel
FOX Business
Dec 5, 2012 4:00pm EST
. sharply down from 137,000 created in october. blaming hurricane sandy saying it trimmed job growth by 86,000 workers, small business created the fewest jobs in nearly two years. factory orders edging higher in october rising 0.8% according to the commerce department. orders for capital goods posting their biggest increase in eight months jumping nearly 3%. liz: in the pits of the cme. telling us why we could see a 20% drop in the market next year. telling us the sector that will be the big bright spots next year even though he is cautious for 2013. both of these guys say we find ways to invest the matter what. let's start with joe. a great day for the dow and the s&p. the nasdaq sort of a head fake to the other side. tell me what really jumped out to you in the pits. >> when we were challenging earlier in the day and the volatility was falling. in other words it was negative. we see it fall off and it is down. down about 4%. we continuthe continued the chog noncommittal trade in the s&p. never telling us the fear that we would see an apple and we were sensing with all the headlines
FOX Business
Dec 5, 2012 9:00pm EST
not pretty. there is a lot of money wasted. what does that say abo the money from superstorm sandy and how will be used? the governors have asked for more money than ever in dealing with the aftermath of the storm or method is the same thing all over again. what governor cuomo is doing is focusing on a big number. $42 billion that he wanted from washington. he really has no idea what the damages and how much it will cost to fix the system -- the signal system in the subways. they really won't know anyone have any idea any idea how much it will really need until later. gerri: it is a guessing game. >> exactly. the local and state politicians thk of this is free ney and they don't spend itwell. gerri: i saw the list that andrew cuomo requested and he wanted everything but a pony. [laughter] >> new york city is paying hundreds of dollars per night for empty hotel rooms. it's free money, as mhael said. that is the kind of attitude where nobody really tches. everybody assumed someone else is going to pay later. but we all payecause the cost of living is reflected in the way govnment was
FOX Business
Dec 10, 2012 4:00pm EST
: hurricane sandy, so one figure that said it may have cost the lives of 250 cars. not all of them will be replaced, but most of them will be. it is an awful way to get it, but a boost for the auto industry, right? >> absolutely. many will be new cars, so you're looking at a nice boost in sales and the good thing is because these cars had they been replaced the normal cycle would noandnot have all come at once. do not take a bbg piece of the future buying cycle. a nice silver lining. david: now chrysler is an italian car company. the italians, the parent company is going to awful times. quitting because of the sales. is there any possibility. now they are not supposed to do this, but is there any possibility tie-ins will pour some of the profits they're making from chrysler here and use them to pay out the parent company in italy? >> i suppose the possibilities are always there. certainly talking about a global company to the extent you're doing better in one market and then another is always a bit of shifting around. at this point i think north america for all the automakers has really be
FOX Business
Dec 6, 2012 5:00pm EST
with hurricane sandy but very important nonetheless. liz: "money" with melissa is next. melissa: i'm melissa francis. here is what's "money" tonight. does exxonmobil hate your children? a controversial new ad claims the oil giant is ruining kid's futures. you have to believe it to see it. the man behind it will join us in a fox business exclusive. >>> plus "money"'s executive roundtable get the real pulse of businesses. speaking out against president obama hurt their bottom line? will higher taxes be as bad for businesses as some say? all that and everything in between from three top leaders. >>> yikes for yelp users. one woman post as scathing review of a business. now the owner is suing her for $750,000. does he have a case? he is here to make it. even when they say it's not it is always about money. melissa: first let's take a look at the day's market headlines of the congress doesn't open its mouth and stocks go up. are we listening politicians? better than expected jobless claims data and rebound in tech stocks helped lead the market higher. the dow gained 39 points hitting
FOX Business
Dec 5, 2012 9:20am EST
sector, okay? however, clearly that was affected by the big storm, sa y sandy. should have been much higher and will have been much higher when the full effects are wiped away. no impact on the stock market that i could see. the dow industrials are going to probably open right around that 1 13,12950. the opening trend is down, but not much in the opening seconds. now down 2 points. not much movement. however, i've got to tell you about facebook, following very, very closely. facebook is going to join the nasdaq 100 index. it will join one week from today. nicole, you're on the floor, normally that pushes the stock price way up and yes, it's up today. >> yes, i'm going to say that we'll take it with a grain of salt no. a couple of things to note. going into the nasdaq 100, going into facebook and infosys leaving the nasdaq and going to n ych nyse. and they listed at the exchange, one of the perks, too, it's nonfinancial firms and a big one, facebook is 30 billion. another thing to note here, it's usually the s&p 500, stuart, that will really give shares a boost because the traders rea
FOX Business
Dec 7, 2012 8:00pm EST
more reasons to be furious. al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global warming. we cannot have four more years of mentioning this occasionally, and saying it's too bad that the congress can't act. ♪ >> fema is doing nothing still, just going around in a circle. denied, denied. >> this is terrible. it's gets worse. it's not getting better. >> they blame george bush for katrina. where's obama for sandy? >> how much time do i have to wait? it's been a month. neil: while they were suffering, and fema was shopping, e-mails making victims more angrier with a first responder saying when he got to new jersey, they told us to go to the wal-mart nearby because they didn't have assignments for them. the fema administer says my people are told to go sightseeing. even those who don't flip over him personally are quickly acknowledging that he got and continues to get more done to help people out there than any institution, government, arian or otherwise.
FOX Business
Dec 9, 2012 6:00pm EST
using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global warming. we cannot have four more years of mentioning this occasionally, and saying it's too bad that the and saying it's too bad that the congress can't act. twin i didn't see them coming. i have obligations. cute obligations, but obligat. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. nd out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possibleloss of . can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> fema is doing nothing still, just
FOX Business
Dec 8, 2012 6:00pm EST
. he has now more reasons to be furious. al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global waing. we cannot have four more years of mentioning this occasionally, and saying it's too bad that the and saying it's too bad that the congress can't act. ins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i ed to rethink the core of my portfolio. at i really ne is eep. introducing the isharecore, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors oose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of incipal. i heard you guys can ship ground for less than the ups store. that's right. i've learned the ly way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spo
FOX Business
Dec 3, 2012 1:00pm EST
hurricane sandy, but as drivers rush to replace them, you may be forced to pay a higher price. >> huh. a car salesmen or congressmen? who do americans trust the least? the new numbers and lou dobbs taking up that up. >> how apple is expanding its empire into the crib. >> my goodness. there's little siri there and little macbook. goinged to floor of the new york stock exchange, and, lauren, economic data, down just a little bit in the red today, down 22 points 37 >> yeah, it is the first trading day of the new month. december, a strong month historically for the stocks, but there's a push and pull going on between market forces and the economic data, and we're in the red across the board, relatively flat this monday morning. the data, u.s. manufacturing activity last month lowest level since the summer of 2009, but then we got a construction spending report that was good. in october, it rose by the largest amounts in five months, and then we got auto sales throughout the morning, and while they were decent, gm, toyota, and chrysler missed november's estimates, but ford beat them. that'
FOX Business
Dec 6, 2012 6:00pm EST
in new york tomorrow looking at the hospitals affected in hurricane sandy, and i feel like i need to do the ground work to investigate that for myself. gerri: you're doing work, but not all the people you work with in washington are. some are just taking time off before the holidays when this big issue is on the plate. nancy pelosi had to say about this. >> we should be here and came as a surprise, and i'm really surprised that the republicans would leave. we maim in tuesday, and we left wednesday at twelve o'clock noon. with all that needs to be done, avoiding the conversation, sounds like people don't want to be in town for some reason. gerri: does she have a right -- are the republicans trying to avoid the conversation? >> no, absolutely not. we had a hearing this morning in the joint economic committee on this issue, but, you know, it's difficult. it's a one-sided conversation. we have put proposals out in may. there was a proposal or reconciliation bill to stop or reapportion the sequester that's going to happen on january 2nd, in july, passing a bill extending all current tax r
FOX Business
Dec 10, 2012 3:00pm EST
industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks people should be talking about but aren't. how did you identify them? >> there are lots of things people worry about, but which of the really big ones and what kind of a timefram time frame ae talking about? decade?out next week or next we talk about the big risk to have to look further in the future. liz: the next year or so? 20 years, 50 years perhaps. nu
FOX Business
Dec 5, 2012 8:00pm EST
, the founder of mcafee on the run and we are trying to track him down. the most vocal of sandy's victims is blasting back. find out why coming up next. >> we are the people that are the middle class. ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. you're eligible for medicare, you might ow it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find ouabout an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on you
FOX Business
Dec 7, 2012 1:00pm EST
the costs of hurricane sandy could easily wipe out most of next year's savings. >> with a trillion dollar deficit right now. so if you cut 94 billion and nothing else changes you barely dented the deficit. the other programs are growing. we'll not see spending decline. in fact we'll likely have a emergency spending bill for sandy that is 60 billion. 94 is gone right there. >> even with a trillion dollars in cuts federal spending is on the way up every year starting with 3.5 trillion this fiscal year. nearly 3.6 trillion in 2014. 4 trillion by 2016 and 5 trillion by 2021. the cbo says even allowing 5 trillion in tax increases to hit the economy the next decade the federal government still spends $2.3 trillion more than it takes in. back to you. melissa: oh, rich edson thanks so much. adam: you think with the physical problems the country faces zooming at us like a 1959 he had sell going at us on a one way treat there would be sense of urgency. president obama has no meetings, no public appearances on the issue planned at least so far today. brad blakeman is not surprised. he says it
FOX Business
Dec 7, 2012 4:00pm EST
and auto sales in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hope. i don't think we're going to boom. we won't grow 4% we will grow between 2% and 3% real growth next year in 2013. fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight
FOX Business
Dec 6, 2012 11:00pm EST
before hurricane sandy. what is more, there are few if any indications they will get that that neck of t woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is stillushing for the president or democrats. well, the guy got reelected. you don't have to pretend any more, it upsets me, tye young, what do you make of this. >> neil thank you, we have wall street ling people off, main street laying people off, market flat lining up and down one week to the next. just like it was before it crashed in 28, unemploymt number 7 .9% that is very high, real unemployment maybe is almost 17%, and the washington post tells us that ignore it because of hurricane sandy, that is ridiculous. my clients are business owners, they tell me that the cost of living and cost of doing business is going up, t availabilityf business loans is nonexistence, they are battening down the hatches. that is the reality. neil: what
FOX Business
Dec 2, 2012 6:00pm EST
sandy? in all the boroughs. everywhere you go. those who are having the same issue. what is there going to be a quality life in 10 years? neil: did you have any chance of dressing up as to talk about and it is? >> predent obama i met personally. and i told him that he lied, enter, lies, they are all liars. neil: you told him that the presence face? >> well, he told me to relax. when i told him -- neil: he told you last? >> yes, he said let me tell him my concerns. and i said president obama, you are not doing what you're supposed to be doing. he said scott, fema works for me and i can help you with insurance and without your -- with your mortgage, they took down my information and they wrote down my name two days later we heard from the mouth and right after we talked to the guy, they did give his rentals systems the ascends the same day i spoke to the president, $3000 from i believe it was under a lot of pressure. my wife handles that. and they are telling you every two months must be cocerned. come look at my house, that's what i told him. i have no sewage and water and i have no heat
FOX Business
Dec 2, 2012 1:00am EST
: thank you for the debate. and sandy victims facing devastation one month later, so is this any time for the united nations to be using them as a fund raising tool? the cavuto gang is all over that one at the bottom of the hour. up here first, forget fees in >> forget the pain, if we fall into the financial ditch. a new regulation in the the health care law might mauck you down right sick right now. the white house just announcing plans to slap health insurers with a fee if they sell insurance dictated by the president's health care law and larry says you'll pay for it no matter where you live, huh? >> that's right. that's right, you know, administrative costs and health care are already skyrocketing and this is going it to get past the consumer just like everybody else. we already see skyrocketing health care costs, 14% is administrated, it's just too much. >> some parts of the law lower prices and is it net neutral, basically? >> i think the only given is that the country as a whole is goingo spend mor on health care andore people are going to have insurance one way or another
FOX Business
Dec 6, 2012 1:00pm EST
, sandy pass no mat what they are. if they're disas truss it was sandy. if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my shirt!. what the heck. i thought you didn't want to be a trader? one of the reasons i'm getting a little bit bullish about the market in general. i'm a individual stock guy. i don't like to do the macro thing. i like the way the market acts. we've seen a shaking out of the weak sisters. we had the market pull back sharply. we saw the pullback in apple. weak holders of stocks, weak sisters have for the most part been shaken out. it would take disasterous news --. ashley: talking about disaster, what if we went over the cliff? >> if we did go over the cliff and saw the market pull back sharply i would look to be a buyer on the pullba
FOX Business
Dec 10, 2012 1:00pm EST
: so is global warming to blame for hurricane sandy, right? former vice president al gore thinks so and blames president obama for not doing enough to fix it. >> it is causing these extreme weather events. dirty energy causes dirty weather. and we have to come to our senses and do something about it. i deeply respect our president. i'm grateful for the steps that he has taken but we can not have four more years of mentioning this occasionally and saying it's too bad that the congress can't act. melissa: but then, colorado state university researchers out today with a report that says hurricane sandy was not influenced by global warming and lou dobbs is here now to weigh in. >> so i tell you, what is all that with, he wasn't that animated at any point --. melissa: that was nicest part of the speech. i watched the whole thing. he got really agitated. he said our atmosphere is open sewer. yeah, i don't know. >> he ought to look at the colorado state survey which shows over two periods, one in which there was very little carbon dioxide, that is 1899 to 1955, period of 57 years. there were 2
FOX Business
Dec 8, 2012 12:00am EST
or 2%. that is all his focus. he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching then. almost an accounting trick. not really a trick. a way to do it differently they save a lot of money. they hang onto theoney for entire year and earn interest on it. god forbid youeave the company and never see the money. for workers you don't earn on money all year long. not in your 401(k) growing. these are the kinds of things we'll see companies doing to adapt to this new normal. >> if ibm gets away with it i'm sure they will. they are a benchmark. if they successfully push it through, the company that didn't fail, didn't have a crisis during the crash we
FOX Business
Dec 3, 2012 8:00pm EST
sandy relief. similar requests likely coming from governors in new jersey and connecttcut. who all together want this all too dumbing figure in post hurricane help, a hundred billion bucks, i don't know if they get all of it, but i think they get most, here is why americans, have big hearts, folks need help. they need a lot, many still without power, and without homes and without patience or hope, something needs to be done. judging from the back slapping help politicians, the government is still the one to do it but is it? think about it. if the road to virtue were paved with billion dollar bills then everyone in washington would be the pope, news flash, they are not, they are not good as getting bang for their buck. think of all those gas taxes that were to pay for those bridges, or tolls of no bridges to pay for fixing those bridges, and highways. think about that social security lockbox. no box, no lock. and millions in lottery ticket to go to education to make our kids smarter, today, sadly, they are only getting dumber. while we open our hearts let's not lose our minds. the f
FOX Business
Dec 5, 2012 11:00am EST
weaker than expected. because of impacts from hurricane sandy. the bank saying it is looking for ways to cut expenses. those cuts amount to 4% of the companies workforce and is estimated to save $1.1 billion every year. stocks now and every 15 minutes. nicole petallides. nicole: we are looking at a market that is to the downside. let's take a look at citigroup. it is about 4% of the workforce. citigroup is higher. it has had an up arrow throughout the day today. we saw the dow jones industrials this week to the downside. we had two consecutive days in selling. down arrows for the nasdaq. down 1.1%. connell: breaking news out of washington. earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to t
FOX Business
Dec 4, 2012 12:00am EST
of river has muddy and sandy bottoms and channel with sustained low water has been drug out by the current. we have a fixed bottom in this area occupied by rock pinnacles. this will prove to be impasseable by any boats and barges. it will effectively close the river in this area. melissa: is there anything anyone can do or is it up just to a raindance and praying for the wetory change? >> well rain would certainly help. what we've asked for is a formal declaration of an emergency by the president and by team -- fema that would expedite the process to bla some of the rock pinnacles out with dine mitt that would make the area passable. we're facing a lower water situation coupled by the water flowing out of the missouri river which is a huge, huge tributary to the upper mississippi area, is now being reduced even further. so you have a drought situation. also coupled by the fact that flows being reduced out of missouri with a fixed ttom sticking point south of where the flows end up in mississippi. melissa: it is so dangerous to depend on the federal government for anything. we have
FOX Business
Dec 6, 2012 3:00pm EST
. >> you saw jobless claims are up but sandy will handicap it a bit. we will won't see a clean job number until next year. once again it will be at my number and will be waiting for the fed. >> oil coming downn it is simply a story of a lot of supply, less demand. >> that has been the story for the last year. we had plenty of demand, plenty of supply, demand is only deteriorated as we have gone through the year and entering the season without a lot of driving going on. when you take out the fear we have of things going on in syria or iran you see us treating at $78 as opposed to where we are now but -- [talking over each other] liz: when you push it out a couple months to the future of the market and look at the trend -- >> it looks to me like we should be trading $3 or $4 or $6 or $8 lower from here and look for the trend to continue as we go further through the winter unless something happens in the middle east. liz: thank you very much. grinding higher by 14 points. have a good day. thanks for joining us on the floor show. 25 days and counting for congress to make a deal otherwi
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